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the failure to raise the debt ceiling would send shock waves through the economy both national and global. that being said, president obama only fanned the flames today painting a picture of government catastrophe based on the facts seems a bit trumped up. >> ladies and gentlemen, the president of the united states. >> reporter: in the first press conference of his second term, president obama wasted little time scaring the day lights out of millions of americans who rely on government paychecks for one service or another, of the consequences of a u.s. default. >> may not be able to pay our troops or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down nuclear materials wouldn't get their paychecks. >> reporter: the president's statement is speculative and not true because, frankly, no one knows what programs will be short changed if the u.s. can't meet its payment obligations. it's never happened before. but here is what we do know courtesy of the bipartisan policy center. if congress fails to raise the debt ceiling the gove
and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good tuesday morning to you. time is 7:19. backup at the bay bridge. we'll get to mike's report in just a moment. temperatures right now running very cold. we'll finish out the day in the mid 50s. 56 degrees inland. 55 degrees at the coast. tomorrow we climb even more so and then we'll hit mid to upper 60s friday into saturday. hope you have a fantastic tuesday. stay warm out there. >> announcer: come on, let's go skydiving, savannah. it will be fun. come on. team skydive. >> team, no. >> yeah. they want to see that. come on. >> you all can skydive. i'll watch from the ground. al, thanks so much. >>> is apple losing some of its cool? stock prices have been falling for months. now there's reports that the company is planning to build fewer iphones. tom costello has more on this story. tom, good morning to you. >> savannah, good morning. by many standards, apple is a world leader. it is the world's most valuable tech company if you've been invested in their s
Search Results 0 to 1 of about 2